The Long-Run Market Supply Curve Would Be Downward-Sloping If the Representative

question 153

Multiple Choice

The long-run market supply curve would be downward-sloping if the representative firms'

• A) demand curves shift up as the industry expands.
• B) ATC curves shift down as the industry expands.
• C) supply curves shift left as the industry expands.
• D) demand curves shift down as the industry expands.